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About Beam Global (Nasdaq: BEEMW)
Beam Global is a pioneering clean technology company headquartered in San Diego, California, specializing in the development and manufacturing of sustainable infrastructure solutions at the intersection of clean energy and transportation. The company’s core offerings include off-grid, solar-powered electric vehicle (EV) charging systems, energy storage solutions, and energy security technologies. Beam Global’s products are designed to address critical challenges in the electrification of transportation, renewable energy adoption, and disaster preparedness.
Core Products and Technologies
Beam Global’s flagship products, the EV ARC™ and Solar Tree® systems, are patented solar-powered EV charging solutions that operate independently of the electrical grid. These systems generate and store clean electricity, enabling EV charging in locations without utility connections. Key features include:
- Off-Grid Operation: Eliminates the need for costly electrical work, construction, and utility bills.
- Rapid Deployment: Systems can be installed in hours, fitting seamlessly into standard parking spaces.
- Energy Resiliency: Provides reliable power during blackouts and natural disasters, with optional Emergency Power Panels for critical electricity needs.
- Patented Innovations: Technologies such as EnvisionTrak™ solar tracking and wireless charging capabilities enhance efficiency and user experience.
These systems are particularly well-suited for government fleets, commercial organizations, and public charging applications, offering scalable and sustainable solutions for the growing EV market.
Market Position and Expansion
Operating at the nexus of clean energy and transportation, Beam Global is strategically positioned to capitalize on global trends toward electrification and renewable energy adoption. The company has expanded its operations to include facilities in the U.S. (San Diego and Chicago) and Europe (Belgrade and Kraljevo). Its recent acquisition of Amiga and the creation of Beam Europe underscore its commitment to international growth, particularly in the European market, which is the largest for EVs globally.
Beam Global’s inclusion in government procurement programs, such as the UK’s Crown Commercial Service and the U.S. federal GSA schedule, highlights its credibility and competitiveness in the public sector. The company’s products have been deployed by entities ranging from municipal governments to military organizations, demonstrating their versatility and reliability.
Competitive Advantages
Beam Global differentiates itself through its innovative approach to EV charging infrastructure. Unlike traditional grid-tied solutions, its off-grid systems offer:
- Cost Savings: Avoids expenses related to construction, electrical upgrades, and ongoing utility bills.
- Resilience: Continues to operate during power outages and in remote locations.
- Sustainability: Powered entirely by renewable energy, reducing carbon footprints.
These features make Beam Global’s products particularly attractive in regions prone to natural disasters or with limited grid connectivity.
Opportunities and Challenges
As governments and organizations worldwide commit to net-zero emissions and the electrification of transportation, Beam Global is well-positioned to benefit from increased demand for EV charging infrastructure. However, challenges include competition from grid-tied solutions, the capital-intensive nature of scaling production, and the need to continually innovate to maintain its competitive edge.
Conclusion
Beam Global represents a compelling player in the clean technology sector, offering innovative solutions that address critical challenges in energy resiliency, sustainability, and transportation electrification. With a robust patent portfolio, a growing international presence, and a focus on scalable, off-grid technologies, the company is poised to play a significant role in the transition to a more sustainable future.
Beam Global (Nasdaq: BEEM, BEEMW) announced a new order for its energy storage solutions to support an industrial robotics platform. The advanced battery packs utilize Beam's patented PCC™ thermal management technology, enhancing safety and energy density. The customer, a notable player in mobile robotics, plans to integrate these solutions into unmanned ground vehicles with various sensing capabilities. The mobile robotics sector is projected to exceed $25 billion by 2030, growing at a 21.4% CAGR from 2022-2030, driven by advancements in artificial intelligence and connectivity. Beam Global's contributions are positioned to leverage this market growth.
Beam Global (Nasdaq: BEEM) announces that CEO Desmond Wheatley will present at the Tribe Public Webinar on February 28, 2023, titled “Sustainable Products Solving EVs' Biggest Challenges.” The webinar, starting at 8:30 AM Pacific, will allow participants to engage through Q&A. Beam Global is recognized for its innovative solutions in electric vehicle (EV) charging, energy storage, and outdoor media, notably through its technologies like Beam EV ARC™ and Beam AllCell™. The company aims to lead in clean mobility and is committed to producing sustainable products in the USA.
Beam Global (Nasdaq: BEEM, BEEMW) announced an order from the City of Austin for its EV ARC™ solar-powered EV charging and ARC Mobility™ trailer solutions. The purchase, facilitated by the federal GSA Multiple Award Schedule, enables Austin to acquire sustainable charging infrastructure efficiently. These systems are designed for disaster preparedness, ensuring operation during grid outages. Beam's CEO highlighted growing demand from government entities for EV charging solutions that meet disaster recovery needs. The EV ARC™ units can charge up to six vehicles simultaneously and are pre-configured for quick deployment, meeting urgent energy security requirements.
Beam Global (Nasdaq: BEEM, BEEMW) has secured multiple orders for its EV ARC™ off-grid EV charging systems from correctional facilities across the U.S., utilizing a California Department of General Services contract. These systems can be rapidly deployed without construction, addressing security concerns typical of such environments. With 4,527 correctional facilities in the U.S., the company anticipates a surge in demand for EV charging solutions, especially with federal mandates for zero-emission vehicles by 2027. Beam's products are solar-powered and can charge multiple EVs simultaneously, signifying a strategic expansion in the government sector.
Beam Global (Nasdaq: BEEM, BEEMW) announced an order from The Confederated Tribes of Grand Ronde, marking its first Native Nation customer. This order will facilitate electric vehicle (EV) charging for community members and employees in Oregon. The EV ARC™ systems are solar-powered, off-grid solutions that require no construction or electrical work, providing a sustainable and efficient alternative for charging EVs. The installation promises to deliver clean energy, with dual plugs available for simultaneous charging and emergency power options during outages.
Beam Global, listed on Nasdaq under BEEM and BEEMW, has launched the ARC Mobility™ trailer, designed for transporting off-grid EV ARC™ solar-powered charging systems. This innovation allows for rapid relocation of EV charging infrastructure, which is crucial for adapting to changing demand. The trailer, manufactured in San Diego, features a durable design with safety enhancements, making it easier for customers to deploy their charging solutions. Beam reports an increase in both repeat and first-time multi-unit orders, indicating growing interest in their sustainable charging technology.
Beam Global (Nasdaq: BEEM, BEEMW) has secured an $847k order for its energy storage solutions designed for recreational watercraft. This order signifies the growing demand in the electric marine sector, projected to increase over 330% in the next decade. The advanced battery packs feature Beam's patented PCC™ thermal management technology, enhancing safety and energy density. The electric watercraft market is expected to grow from $5.65 billion in 2022 to $19 billion by 2032, driven by environmental concerns and stricter government regulations. Beam Global aims to lead in clean mobility solutions for various sectors.
Beam Global (Nasdaq: BEEM, BEEMW) has announced the issuance of new patents in China and India for its innovative battery safety technology. The patents, related to Beam's smart battery management system, enhance the safety of battery packs by monitoring thermal storage capacity and adjusting power output accordingly. Beam's CEO emphasized the company's commitment to battery safety and its ongoing efforts to protect intellectual property as it explores international expansion. The global market for vehicle electrification is projected to grow significantly, with sales of electric cars increasing 75% in early 2022 compared to the previous year.
Beam Global (Nasdaq: BEEM, BEEMW) has secured a $500,000 order from Dallas County, Texas, for six off-grid EV ARC™ EV charging systems. These systems, procured under the GSA Multiple Award Schedule, enable fast deployment for EV charging and disaster preparedness. Each unit can charge two vehicles simultaneously and can be equipped with emergency power capabilities. Beam's CEO highlighted the increasing demand for energy-resilient charging solutions in light of frequent grid outages, showcasing the company's commitment to sustainable technology in the EV charging space.
Beam Global, a leader in sustainable products for electric vehicle charging, will participate in the 25th Annual Needham Growth Conference from January 10-12, 2023, at the Lotte Hotel, New York. CEO Desmond Wheatley is scheduled for a group presentation on January 12 from 3:45-4:25 PM ET. The presentation will be livestreamed and available for replay on Beam's investor relations website. Attendees can arrange one-on-one meetings with Wheatley through their Needham representatives or Beam's Investor Relations team.
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